Latin America and Caribbean attract increasing share of global clean energy investment

London/Washington

In all, the Latin American and Caribbean region captured 6% of the total $268.7bn invested worldwide in clean energy in 2012, up from 5.7% in 2011. Investment in the region declined 3.8% from 2011 to 2012, far less than the 11% global pullback recorded over the same period. Clean energy is defined as wind, solar, biomass, small hydro, geothermal and other renewable power generation, and biofuels, said Bloomberg New Energy Finance (BNEF), researcher of the report called Climatescope.

"The rapidly falling costs of clean technologies such as solar and wind power combined with an improved investment climate means that clean energy generation in the region is now truly affordable

Source: IWR Online, 18 Oct 2013